Indonesian aquatech startup eFishery raises $33m loan facility from Bank DBS

Indonesian aquatech startup eFishery raises $33m loan facility from Bank DBS

The IoT based eFisheryFeeder. The company claimed it can help farmers in feeding the fish and shrimps efficiently. Photo by : eFishery

Indonesian aquatech startup eFishery has announced raising a for 500-billion-rupiah ($32.76 million) short-term loan facility from Bank DBS Indonesia. 

This is the first loan facility raised by eFishery since its inception in 2013. The startup plans to use the money to expand its services in Indonesia, according to a statement on Friday.

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